BlackRock Amends Tutor Perini Stake, Signals Passive Investment
Ticker: TPC · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 77543
| Field | Detail |
|---|---|
| Company | Tutor Perini Corp (TPC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Tutor Perini, no major changes.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, indicating its ownership of Common Stock in Tutor Perini Corp. as of December 31, 2023. This filing, Amendment No. 6, updates BlackRock's passive investment position in the construction company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Tutor Perini's stock.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Tutor Perini, which can influence other institutional investors' perceptions of the stock.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake but recognize this filing is routine and doesn't suggest an immediate need for action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Tutor Perini Corp. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 6'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are being reported in this filing?
The securities of TUTOR PERINI CORP are being reported, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TUTOR PERINI CORP' and '(Name of Issuer) TUTOR PERINI CORP'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding TUTOR PERINI CORP (TPC).